Daily Economic Reports

Gold has demonstrated a remarkable rally, pushing towards multi-day highs near the $3,290 mark per troy ounce and re-establishing its role as a premier safe-haven asset. This surge comes amidst a confluence of factors, including a recent US credit downgrade, persistent geopolitical tensions, and shifting global monetary policy. Concurrently, West …

Interviewed by Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and member of the American Association of Technical Analysts, commented on the most prominent event in global markets: the downgrade of the United States’ credit rating. This downgrade, closely linked to rising U.S. debt levels, has raised numerous questions …

A transformative vision for national security is unfolding with the detailed revelation of the “Golden Dome,” an ambitious hemispheric missile shield aiming to redefine America’s defensive capabilities. President Donald Trump has championed this initiative, announcing initial funding and a designated leader, Space Force General Michael Guetlein, to spearhead its realization. …

Gold prices have seen a notable ascent, driven by a weakening US Dollar and heightened demand for safe-haven assets amidst growing fiscal uncertainty. This movement underscores gold’s traditional role as a reliable store of value in turbulent economic times.The recent downgrade of US sovereign debt by Moody’s has amplified concerns …

A recently established trade truce between the United States and China faces an immediate challenge following a US industry warning against the use of certain Chinese-made chips, particularly those from Huawei. This development has drawn strong condemnation from Beijing, which views the warning as a direct undermining of the preliminary …

U.S. Treasury yields are climbing, fueled by a seismic shift in how global credit agencies view American sovereign debt. This isn’t just a technical market adjustment; it’s a profound signal from the financial world about the nation’s fiscal health, challenging long-held assumptions of unparalleled stability. The recent downgrade by Moody’s …

Bitcoin extended its upward momentum on Tuesday as the U.S. Senate cleared a major procedural hurdle for the long-anticipated GENIUS Act—a bill that would establish a federal framework for stablecoin regulation. The move marks a significant step toward broader institutional support and regulatory clarity for the crypto sector, further fueling …

Oil prices were little changed on Tuesday as traders balanced mixed geopolitical signals and signs of economic softening from China, the world’s top crude importer. Brent crude futures for July delivery edged down 7 cents, or 0.1%, to $64.75 a barrel by 09:47 GMT. U.S. West Texas Intermediate (WTI) futures …

European equity indices edged higher on Tuesday, lifted by a surprise rate cut in China and renewed optimism surrounding a potential ceasefire in Ukraine, injecting a sense of optimism into global financial markets. By 03:05 ET (07:05 GMT), the DAX in Germany rose 0.2%, France’s CAC 40 gained 0.2%, and …

The spotlight turns to Canada this Tuesday as Statistics Canada unveils the April Consumer Price Index (CPI) — a release that could shape the Bank of Canada’s next policy move and determine whether the Canadian Dollar can break free from its recent consolidation phase. Headline inflation is expected to slow …